It sounds silly, but managing your finances without a checking account is a little like trying to operate a car without a dashboard.
Checking accounts are a necessity for most people since they make paying bills, buying groceries, and other expenses much easier than they would be with cash alone.
Checks are a common way to receive funds and send funds to others.
Maybe you’re considering opening a joint checking account with a significant other, family member, or friend.
The system you use to manage your finances should be simple, but without a checking account, it can be challenging to complete essential financial transactions easily.
Put very simply, opening a checking account very seldom, if ever, affects your credit score.
Checking and savings accounts look similar in many ways, but each has its own features, purposes, and limitations.